Litigations and Disputes in Construction Industry
Dr.S.V.Deodhar, Dean and Professor, Sri Vaishnav Institute of Technology and Science, Indore
Disputes in construction industry are increasing very fast. Improper specifications are one of the main reasons for it. If standard specifications are prepared at National level, this problem can be minimized to a considerable extent. Some measures are required to be taken to minimize them.
Introduction
Disputes and litigations in construction industries are increasing at a very large rate in the last few years. Many of the problems can be solved by means of arbitration act, however in most of the cases they are not. The main reason behind may be that parties involved in, may not be getting satisfactory results through a process of arbitration. Even many parties feel that arbitrators are biased and favor one party. In construction industry, there are mainly two possible causes for litigations, poor quality construction or bad contractual arrangements.This is a premium article available exclusively for our subscribers.
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NBM&CW OCTOBER 2013
